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Datamyne News

Datamyne press releases and industry coverage

Bloomberg Cites Datamyne in Finding US Oil Import Drop “New Truth”

Category: Industry Coverage

Things are slowing down at the US’s largest oil-import hub, reports Bloomberg. Six years ago, the Louisiana Offshore Oil Port (LOOP) was receiving more than one million barrels a day. Now it’s taking in just half of that.

Indeed, the US Customs district in Morgan City, Louisiana, where the LOOP’s barrels are tallied, had 46% less petroleum tonnage in September than the year before, according to Datamyne trade data.

The flow of oil around the world has shifted … and trade through the LOOP is a measure of the magnitude of the change.

Read “Oil Import Drop to US Revealed by Louisiana as New Truth” >


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